buy sell hold  

UOB KAYHIAN PHILLIP SECURITIES

STRATEGY – SINGAPORE

A Tidal Wave of Change

 

In Nov 20, MSCI announced that it will allow foreign-listed shares into its MSCI Singapore index. The potential inclusion of Sea Limited into the index will see more buying of the stock, and the unfortunate ramification of funds selling out of the largest constituents: DBS, OCBC, UOB, Singtel and Wilmar. MSCI has stated that the inclusion of Sea will be in four phases spread over nine months which will somewhat minimise the impact.

 

Read More ...

 

 

PAN-UNITED CORPORATION LTD. Concrete leader & innovator

SINGAPORE | SMALL CAP | INITIATION

 

 Largest provider of ready-mixed concrete in Singapore. A recovery in construction demand by as much as 31% in 2021e is expected to boost its revenue for the next two years.

 Barriers to entry include limited silo availability, costly batching plants, vertical integration, efficient delivery system and a major market share.

 Initiate coverage with BUY and target price of S$0.40, based on 7.8x FY21e EV/EBITDA, its 10-year average (excluding outliers in FY12 and FY17).

 

Read More ...

 

MAYBANK KIM ENG

DBS VICKERS

Thai Beverage PCL (THBEV SP)

A cocktail for success

 

Initiate BUY; strong brands with cheap valuation Initiate coverage on ThaiBev with BUY and TP of SGD0.95, pegged to 20x FY21E EPS. We believe ThaiBev’s portfolio of top brands is well-poised to capture post-Covid recovery, driven by easing restrictions of on-premise consumption. Concurrently, its beer business is positioned for margin expansion as a result of positive operating leverage. The stock is trading at 15.1x FY21E P/E, -1 S.D below historical mean and 65% discount to peers. Potential IPO of BeerCo is a near-term re-rating catalyst, which could lift our TP to SGD1.24.

 

 

 

 

 

Singapore Property

New regulations for retail leases a win-win for all parties

 

• Government to legislate a new code of conduct for retail lease negotiations

• Creates level playing field for landlords and tenants to ensure business continuity

• Dominant malls continue to be leaders in attracting traffic and tenants

• Prefer FCT, LREIT, MCT

 

Read More ...



LionelLim8.16Check out our compilation of Target Prices



You may also be interested in:


You have no rights to post comments

Counter NameLastChange
AEM Holdings1.8700.030
Best World2.4900.010
Boustead Singapore0.950-
Broadway Ind0.1460.001
China Aviation Oil (S)0.865-
China Sunsine0.4050.015
ComfortDelGro1.380-0.010
Delfi Limited0.8800.005
Food Empire1.120-
Fortress Minerals0.295-0.015
Geo Energy Res0.3050.005
Hong Leong Finance2.4400.020
Hongkong Land (USD)3.5000.080
InnoTek0.5150.010
ISDN Holdings0.3100.010
ISOTeam0.0490.002
IX Biopharma0.0400.001
KSH Holdings0.245-
Leader Env0.049-
Ley Choon0.055-
Marco Polo Marine0.068-
Mermaid Maritime0.1390.004
Nordic Group0.305-
Oxley Holdings0.087-0.003
REX International0.1250.001
Riverstone0.930-
Southern Alliance Mining0.4850.005
Straco Corp.0.480-0.010
Sunpower Group0.220-0.010
The Trendlines0.063-
Totm Technologies0.0200.001
Uni-Asia Group0.810-
Wilmar Intl3.120-0.040
Yangzijiang Shipbldg1.730-0.020
 

We have 1008 guests and no members online

rss_2 NextInsight - Latest News